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Insurance, banking, beauty parlour etc. are examples of ______. - Commercial Studies

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Question

Insurance, banking, beauty parlour etc. are examples of ______.

Options

  • Services

  • Products

  • Pricing

  • Technology

MCQ
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Solution

Insurance, banking, beauty parlour etc. are examples of Services.

Explanation:

Services are intangible activities or benefits that are provided to customers. They are consumed at the point of delivery and do not result in ownership of anything tangible. Examples include insurance, banking, and beauty parlour services, which involve providing expertise, assistance, and personal care to clients.

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Chapter 2: Marketing and Sales - EXERCISES [Page 24]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 2 Marketing and Sales
EXERCISES | Q 26. | Page 24
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